Dixon Hubard Feinour & Brown Inc. VA lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 10.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,260 shares of the Internet television network’s stock after selling 860 shares during the period. Dixon Hubard Feinour & Brown Inc. VA’s holdings in Netflix were worth $2,716,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. BlackRock Inc. raised its stake in Netflix by 2.3% in the second quarter. BlackRock Inc. now owns 27,436,409 shares of the Internet television network’s stock valued at $10,739,434,000 after buying an additional 619,795 shares during the period. FMR LLC raised its stake in Netflix by 6.1% in the second quarter. FMR LLC now owns 26,511,408 shares of the Internet television network’s stock valued at $10,377,360,000 after buying an additional 1,534,290 shares during the period. Edgewood Management LLC raised its stake in Netflix by 2.3% in the second quarter. Edgewood Management LLC now owns 2,523,740 shares of the Internet television network’s stock valued at $987,868,000 after buying an additional 55,566 shares during the period. Morgan Stanley raised its stake in Netflix by 1.6% in the second quarter. Morgan Stanley now owns 2,364,657 shares of the Internet television network’s stock valued at $925,600,000 after buying an additional 37,425 shares during the period. Finally, First Trust Advisors LP raised its stake in Netflix by 1.7% in the third quarter. First Trust Advisors LP now owns 1,780,692 shares of the Internet television network’s stock valued at $666,210,000 after buying an additional 30,307 shares during the period. Institutional investors and hedge funds own 74.04% of the company’s stock.
Several analysts have issued reports on the company. Buckingham Research upgraded Netflix from an “underperform” rating to a “buy” rating and upped their price objective for the company from $349.00 to $406.00 in a research note on Monday, November 5th. ValuEngine upgraded Netflix from a “hold” rating to a “buy” rating in a research note on Friday, November 2nd. BidaskClub lowered Netflix from a “hold” rating to a “sell” rating in a research note on Wednesday, October 31st. Morningstar set a $120.00 price objective on Netflix and gave the company a “sell” rating in a research note on Monday, October 29th. Finally, Nomura set a $370.00 price objective on Netflix and gave the company a “neutral” rating in a research note on Monday, October 29th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and thirty-one have issued a buy rating to the company. Netflix currently has a consensus rating of “Buy” and an average price target of $378.74.
In related news, CFO David B. Wells sold 1,000 shares of the stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $339.53, for a total transaction of $339,530.00. Following the sale, the chief financial officer now owns 867 shares of the company’s stock, valued at $294,372.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Kelly Bennett sold 14,000 shares of the stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $300.00, for a total value of $4,200,000.00. Following the sale, the insider now directly owns 1,057 shares in the company, valued at approximately $317,100. The disclosure for this sale can be found here. Insiders have sold 335,842 shares of company stock worth $113,900,463 in the last three months. 4.29% of the stock is currently owned by company insiders.
Shares of NASDAQ:NFLX opened at $303.47 on Friday. The company has a market cap of $142.82 billion, a P/E ratio of 242.78, a P/E/G ratio of 4.15 and a beta of 1.18. Netflix, Inc. has a 1 year low of $178.38 and a 1 year high of $423.21. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.39 and a current ratio of 1.39.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.21. The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.99 billion. Netflix had a return on equity of 29.52% and a net margin of 8.48%. The firm’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 earnings per share. On average, analysts anticipate that Netflix, Inc. will post 2.63 EPS for the current fiscal year.
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Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.
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